Microsoft today announced that it earned a net income of $15.5 billion on revenues of $41.7 billion for the quarter ending March 31. Those are monster increases of 44 percent and 19 percent, respectively.
“Over a year into the pandemic, digital adoption curves aren’t slowing down,” Microsoft CEO Satya Nadella said. “They’re accelerating, and it’s just the beginning. We are building the cloud for the next decade, expanding our addressable market and innovating across every layer of the tech stack to help our customers be resilient and transform.”
Looking at Microsoft’s major business units, Intelligent Cloud was the biggest, with $15.1 billion in revenues, a YOY gain of 23 percent. Azure revenue exploded by 50 percent, while Server and cloud products revenues increased by 26 percent. Enterprise Mobility saw 38 percent growth in its user base to over 174 million seats.
Productivity and Business Processes was Microsoft’s second-biggest business in the quarter, with $13.6 billion in revenues, a gain of 15 percent. Office Commercial revenues jumped 14 percent, while Office Consumer revenues were up 5 percent; Microsoft 365 for consumers saw its subscriber base jump 27 percent to 50.2 million in the quarter.
Finally, More Personal Computing delivered a respectable $13 billion in revenues in the quarter, a gain of 19 percent. Windows revenues from PC makers grew 10 percent overall, with non-Pro revenue up 44 percent and Pro revenue down 2 percent. Xbox revenue overall grew 50 percent and Xbox content and services jumped 34 percent. Surface revenue was up 12 percent.
I’ll take a deeper dive in a special edition of Short Takes tomorrow.